Multiple Choice
Suppose the economy is in long-run equilibrium and there is an increase in investment.As a result,real GDP will ________ in the short run,and ________ in the long run.
A) increase; increase further
B) increase; decrease to its initial value
C) decrease; decrease further
D) decrease; increase to its initial level
Correct Answer:

Verified
Correct Answer:
Verified
Q247: According to the real business cycle model,_
Q248: On the long-run aggregate supply curve<br>A)a decrease
Q249: Suppose the U.S.GDP growth rate is slower
Q250: German luxury car exports were hurt in
Q251: When the economy enters into a recession,your
Q253: Explain how the aggregate demand and aggregate
Q254: Just before and during the recession of
Q255: For the recession of 2007-2009,it took _
Q256: How do lower taxes affect aggregate demand?<br>A)They
Q257: When the price level in the United